Deduction of tds at highre rate
This query is : Resolved
24 March 2018
Suppose the company paying the commission / brokerage to the individual. In such case, TDS rate is 5%. Whether TDS can be deducted at higher than 5%. Kindly advise.
24 March 2018
no. TDS needs to be deducted at the rate prescribed under the Act. However, in absence of PAN, the rate would be 20%
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